Bilander Acquisition Corp.
TWCBU
NASDAQ Capital Market10.20
USD
+0.01
- -
Bilander Acquisition Corp.
TWCBU
(NASDAQ Capital Market)
Recent
price
10.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Bilander Acquisition Corp is a blank check company formed in 2021 and headquartered in San Francisco, California. The company is sponsored by True Wind Capital, a private investment firm focused on technology sectors, and it is designed to effect a merger, capital stock exchange, asset acquisition, or similar business combination primarily targeting high-growth technology businesses globally. Bilander Acquisition raised $150 million through an initial public offering (IPO) in July 2021, offering 15 million units at $10 each, with joint bookrunners Morgan Stanley, Deutsche Bank, and Evercore. The company's business model does not involve operating activities or manufacturing but functions as a special purpose acquisition company (SPAC) to identify and complete a business combination with private technology companies. In July 2023, Bilander Acquisition announced that it would redeem all outstanding Class A common stock and cease operations, as it was unable to complete an initial business combination within the required 24-month period, effectively moving toward liquidation and winding up its affairs. This decision marked a major strategic shift and operational wind-down less than two years after its IPO.